Tag: Ponzi scheme

Ugandan Crypto Ponzi Scheme Founder Arrested After Pocketing $2 Million

Cryptocurrency scams and Ponzi Schemes seem more prolific in Asia and Africa One Ugandan scammer by the name of Samson Lwanga was recently arrested.  In Africa, virtually everyone wants to make extra money as quickly as possible. Another Ugandan Ponzi Scheme Shuts Down It is for this reason that scams and Ponzi Schemes are so popular. Most of these projects tend to disappear pretty quickly after raising a fair bit …
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Prolific Crypto Ponzi Scheme in Uganda Vanishes Overnight

In the cryptocurrency world, there are plenty of people with bad intentions. Most individuals simply want to make money quickly and will go to any length to do just that. It is evident that the number of scams in this industry will not necessarily diminish any time soon. Ugandan Crypto Scam Comes to an End In Uganda, there appears to be one less cryptocurrency Ponzi Scheme as of this week. …
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Low Effort Bitcoin Cash Ponzi Alert: BitcoinCashTradingLimited

It has become increasingly easy to spot cryptocurrency-related websites which are a front for a scam. In the case of BitcoinCashTradingLimited, it is not hard to see what is going on exactly. Anyone investing in this company will lose their money, as there are far too many red flags to ignore.  It’s a Fake Company Even though BitcoinCashTradingLimited has been a registered domain name since July of 2018, it seems …
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Someone is Trying to Create BitConnect 2.0 Once Again

It is an interesting period for cryptocurrency enthusiasts. With most markets showing a massive rebound after a few rough days, there is a general sense of excitement among community members. The bigger news this week is how BitConnect is – once again – making an alleged return in a few weeks. It is not the first time such claims are issued, although this project is better off dead and buried. …
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